Conagra Brands, Inc.

CAG
Sector

Consumer Staples

Industry

Packaged Foods

Market Cap

$12.84B

Employees

19K

Company Overview

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net sales decreased from $2,904.0 million to $2,794.9 million, primarily due to strategic trade investments and a decrease in volume. This indicates potential challenges in maintaining revenue growth.

Net income attributable to Conagra Brands increased from $319.7 million to $466.8 million, primarily driven by a $210.4 million deferred tax benefit related to the release of valuation allowances. This benefit is a one-time event and may not be sustainable.

Operating profit decreased in Grocery & Snacks, Refrigerated & Frozen, and Foodservice segments, indicating challenges in profitability across key business areas. This was partially offset by an increase in the International segment.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

1 Insight

Capital Allocation

3 Insights

ESG initiatives

2 Insights

Market Environment

2 Insights